Gaia Herbs ex-CEO joins Charlotte’s Web board amid shakeup

LOUISVILLE — Louisville-based CBD company Charlotte’s Web Holdings Inc. (TSX: CWEB) (OTCQX: CWBHF) has tapped Angela McElwee, former CEO of supplements company Gaia Herbs Inc., for its board of directors, a move that comes amid a top-level shakeup of the organization that resulted from a shareholder revolt this summer led by CW founders Jesse Stanley and Joel Stanley.

McElwee, who will serve on the board’s compensation committee, joins the company a month after William Morachnick was named CW’s new CEO, succeeding Jacques Tortoroli, who resigned in September.

“Angela has an excellent track record of profitably scaling vertically integrated brands with…